FEIAX vs. ACIIX

Last updated Apr 1, 2026

Compare and contrast key facts about Fidelity Advisor Equity Income Fund Class A (FEIAX) and American Century Equity Income Fund Class I (ACIIX).

FEIAX is managed by Fidelity. It was launched on Sep 3, 1996. ACIIX is managed by American Century. It was launched on Jul 8, 1998.

Performance

FEIAX vs. ACIIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Equity Income Fund Class A (FEIAX) and American Century Equity Income Fund Class I (ACIIX). The values are adjusted to include any dividend payments, if applicable.

FEIAX vs. ACIIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FEIAX Fidelity Advisor Equity Income Fund Class A	0.00%	2.75%	5.69%	11.19%	-1.35%	22.11%	1.23%	27.19%	-9.89%	11.40%
ACIIX American Century Equity Income Fund Class I	2.73%	12.05%	10.58%	4.25%	-2.96%	17.16%	1.19%	24.50%	-3.53%	13.69%

Returns By Period

FEIAX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ACIIX

• 1D: 0.00%
• 1M: -5.73%
• YTD: 2.73%
• 6M: 4.62%
• 1Y: 9.92%
• 3Y*: 9.70%
• 5Y*: 7.47%
• 10Y*: 8.89%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FEIAX vs. ACIIX - Expense Ratio Comparison

FEIAX has a 0.90% expense ratio, which is higher than ACIIX's 0.72% expense ratio.

FEIAX

Fidelity Advisor Equity Income Fund Class A

ACIIX

American Century Equity Income Fund Class I

Return for Risk

FEIAX vs. ACIIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ACIIX

ACIIX Risk / Return Rank: 45
ACIIX Sharpe Ratio Rank: 48
ACIIX Sortino Ratio Rank: 47
ACIIX Omega Ratio Rank: 44
ACIIX Calmar Ratio Rank: 44
ACIIX Martin Ratio Rank: 43

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FEIAX vs. ACIIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Equity Income Fund Class A (FEIAX) and American Century Equity Income Fund Class I (ACIIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	FEIAX	ACIIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.93	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.70	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.67	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.53	—

Correlation

The correlation between FEIAX and ACIIX is 0.91, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

FEIAX vs. ACIIX - Dividend Comparison

FEIAX's dividend yield for the trailing twelve months is around 4.77%, less than ACIIX's 10.28% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FEIAX Fidelity Advisor Equity Income Fund Class A	4.77%	4.77%	1.43%	4.90%	5.96%	11.12%	2.23%	8.09%	16.73%	10.16%	3.13%	10.67%
ACIIX American Century Equity Income Fund Class I	10.28%	10.55%	11.71%	8.21%	8.96%	7.02%	2.18%	7.57%	9.05%	12.14%	8.08%	10.72%

Drawdowns

Drawdown Indicators

	FEIAX	ACIIX	Difference
Max Drawdown Largest peak-to-trough decline	—	-39.16%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-8.96%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-13.49%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-32.76%	—
Current Drawdown Current decline from peak	—	-5.73%	—
Average Drawdown Average peak-to-trough decline	—	-5.26%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.30%	—

Volatility

Volatility by Period

	FEIAX	ACIIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.76%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.05%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	11.61%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	10.74%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	13.37%	—